XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 445,874 $ 240,368
Investment securities available for sale 175,653 181,976
Accounts receivable - trade, net 23,371 23,889
Inventories 87,622 86,516
Income taxes receivable, net 7,287 2,841
Restricted assets 4,749 9,195
Other current assets 39,169 38,954
Total current assets 783,725 583,739
Property, plant and equipment, net 77,887 75,632
Investments in real estate, net 23,630 23,318
Long-term investments 54,005 62,726
Investments in real estate ventures 211,825 217,168
Restricted assets 8,134 12,303
Goodwill and other intangible assets, net 261,919 263,959
Prepaid pension costs 21,628 20,650
Other assets 21,977 21,120
Total assets 1,464,730 1,280,615
Current liabilities:    
Current portion of notes payable and long-term debt 16,280 8,919
Current payments due under the Master Settlement Agreement 82,759 29,241
Current portion of employee benefits 914 915
Income taxes payable, net 0 96
Litigation accruals 3,539 22,904
Other current liabilities 113,865 154,217
Total current liabilities 217,357 216,292
Notes payable, long-term debt and other obligations, less current portion 1,121,433 856,108
Fair value of derivatives embedded within convertible debt 120,820 144,042
Non-current employee benefits 55,451 55,055
Deferred income taxes, net 89,557 79,429
Payments due under the Master Settlement Agreement 22,257 20,094
Litigation accruals 23,225 24,718
Other liabilities 13,227 7,038
Total liabilities 1,663,327 1,402,776
Commitments and contingencies (Note 7)
Stockholders' deficiency:    
Preferred stock, par value $1.00 per share, 10,000,000 shares authorized 0 0
Common stock, par value $0.10 per share, 250,000,000 shares authorized,127,839,497 and 123,792,329 shares issued and outstanding 12,784 12,379
Accumulated deficit (287,060) (210,113)
Accumulated other comprehensive loss (6,856) (8,313)
Total Vector Group Ltd. stockholders' deficiency (281,132) (206,047)
Non-controlling interest 82,535 83,886
Total stockholders' deficiency (198,597) (122,161)
Total liabilities and stockholders' deficiency $ 1,464,730 $ 1,280,615